6-Aug-2013 2:59 PM

Air Arabia Group to capitalise on low interest rates to finance aircraft purchases

Air Arabia Group announced (05-Aug-2013) it plans to capitalise on the current low interest rate environment to partially finance new aircraft purchases. The company expects to finance future fleet expansion through a combination of export credit agencies, commercial finance and sale-and-leaseback options. According to the CAPA Fleet Database, Air Arabia Group currently operates 33 A320s and has 26 on order. [more - original PR]